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Ingka, the owner of IKEA, has reached an agreement to sell its Russian portfolio of shopping centers, MEGA, to a subsidiary of Gazprombank, as stated in the company's announcement [https://www.ingkacentres.com/en/newsroom/ingka-centres-sells-its-russian-portfolio-of-shopping-centres/] . Delays in the asset sale were attributed to the scale of the
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Norway has now joined the list of countries implementing a ban on the entry of vehicles with Russian registration. The announcement [https://www.regjeringen.no/en/aktuelt/norway-is-tightening-its-restrictive-measures-against-russia/id2996416/] comes from the country's Ministry of Foreign Affairs. This ban went into effect on October 3. The ban specifically
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Binance has finalized an agreement to divest its entire Russian operations [https://www.binance.com/en/blog/all/binance-fully-exits-russia-with-sale-to-commex-8578760889994024403] to CommEX, marking the culmination of its exit strategy from the Russian market. In a concerted effort to ensure a seamless transition for its existing Russian user base, the off-boarding process
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Microsoft has announced that it will no longer extend licenses for Russian companies beyond October 1, as reported by TelecomDaily with reference to TASS. September 30th marked the final day when Russian corporate clients of Microsoft had the opportunity to renew official licenses for the company's products. While
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Lithuania has issued an order mandating that vehicles registered in Russia, which entered the country before the ban on entry was imposed, must leave Lithuania and the entire territory of the European Union within 6 months from their date of arrival. This directive was announced [https://lrmuitine.lt/web/guest/
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The US Department of Justice (DOJ) has intensified its investigation into Credit Suisse Group and UBS Group AG over potential compliance failures that enabled Russian clients to evade sanctions. The investigation, which began with subpoenas to several banks earlier this year, now focuses primarily on Credit Suisse. The DOJ'
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Packaging and paper manufacturer Mondi Group has announced the sale of its last remaining plant in Russia, Mondi Syktyvkar, to Sezar Invest LLC for 80 billion rubles (775 million euros). This decision comes amid controversy as Mondi Group faced accusations of indirectly sponsoring the war due to its continued business
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India has expressed concerns about the oversupply of diamonds in its market and has requested that the Russian diamond mining company ALROSA temporarily halt its diamond raw material shipments. This decision was announced by the Gem & Jewellery Export Promotion Council of India (GJEPC), India's regulatory body for
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Canada has announced [https://www.international.gc.ca/world-monde/issues_development-enjeux_developpement/response_conflict-reponse_conflits/crisis-crises/ukraine-sanctions.aspx?lang=eng] the imposition of sanctions on 63 Russian individuals and entities in response to the visit of Ukraine's President, Volodymyr Zelensky. According to the Canadian Prime Minister, the sanctioned
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South Korea has issued a warning [https://en.yna.co.kr/view/AEN20230915003300325?section=news] that it may consider unilateral sanctions against Russia after the meeting between North Korean leader Kim Jong Un and Russian President Vladimir Putin raised concerns about military cooperation between the two nations. South Korean Foreign
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Belgium's government representative anticipates that the G7 nations will announce indirect restrictions on the trade of Russian diamonds. According to the Belgian official, an announcement regarding indirect restrictions on the supply of Russian diamonds is expected within the next 2-3 weeks. The ban, as reported, is slated to
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Following the lead of Baltic countries, Finland is reportedly planning to prohibit passenger cars with Russian registration from entering the country, as reported [https://yle.fi/a/74-20050301] by Yle. Finland aims to adopt a more stringent stance in line with the European Union (EU). According to Yle, this decision